Tuition Up, Debt Up

According to the USA Today, “College Prices, Borrowing Up“. This means that more students may become entrepreneurs as making $7 an hour at a copy, coffee, or book shop makes a smaller dent in tuition. Alternatively, for those students it means opportunity — because there is pain. Pain for students, parents, others involved in higher ed. I just profiled a startup in the UK that is allowing grads to exchange community service for debt relief. MyRichUncle.com is another new model on this opportunity. Both ideas is interesting, but there are countless other ways/angles to take advantage of this opportunity. BTW, here is a snippet from the piece,

The cost of attending college continues to climb: in-state tuition and fees at public four-year schools averaged $6,185 this year, up 6.6% from last year, says the College Board, which tracks more than 5,000 colleges and universities. The increase was slightly more than the previous year’s 5.7% bump.

At private schools, tuition and fees this year average $16,640, up 5.5% from last year. Increases the previous year averaged 6.3%.

Price increases have been smallest at public two-year institutions, where tuition and fees averaged $2,361, up 4.2% from last year, vs. 3.8% the year before.